The psychological concepts used for optimizing the marketing
mix:
1. 1. Perception
– Perception is the process of giving meaning to the stimulus.
Perception Mapping
1. Quality
– High & Low
2. Price
– High & Low
Elements of Perception:
1) Sensation
2) Absolute
Threshold
3) Differential
Threshold
4) Subliminal
Perception
5) Habituation
Perceptual Selection: Depends on
two major factors
A) Internal
Factors – Interest, Needs, Motives, Expectations
B) External
Factors – Intensity and Size, Position, Contrast, Novelty, Repetition, Movement
2. 2.Motivation
– 1) Rational Ex. Cause and effect details, Cost-benefit analysis
2) Emotional (no reason)
Motive – A driving force which makes an
individual to act/response.
3. 3.Attitude
– It’s a pre-disposition which is learnt over a period of time towards certain
object.
Tri-Component Attitude model:
1. Knowledge
(about information)
2. Feeling
(about emotions)
3. Behavioural
Tendency
4. Personality
– The sum total of all psychological characteristics which determines and
influences the behaviour.
5. Learning
– The way you do what you do.
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